Cosco Shipping Development repurchases shares, increasing issued share capital

COSCO SHIPPING Development (SSE:601866) reported a change in its issued share capital and treasury shares on March 18, 2025. A total of 28,724,292 shares were repurchased, increasing the total number of issued shares (excluding treasury shares) from 9,871,214,320 to 9,899,938,612. The announcement also included an itemized list of share repurchases made throughout the year, reporting all stock buybacks at the Shanghai Stock Exchange in RMB since November 14th, 2024. The prices ranged from RMB 2.305 to RMB 2.7594. The buybacks involved 50 separate transactions totaling 28,724,292 shares, with 500,000 stock buybacks made on the current day, March 18, 2025. These shares remain subject to cancellation. The report confirms adherence to listing rules and regulations for these transactions.